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For years,the tech billionaire Pierre M Omidyar has been experimenting with ways to promote serious journalism,searching for the proper media platform to support with the fortune he earned as the founder of eBay. He has made grants to independent media outlets in Africa and US watchdogs. In a more direct effort,he created a news website in Hawaii.
Then last summer,The Washington Post came calling in its pursuit of a buyer. The Graham family ended up selling The Post to a different tech billionaire,Jeffrey P Bezos of Amazon. But the experience,Omidyar wrote on his blog on Wednesday,got me thinking about what kind of social impact could be created if a similar investment was made in something entirely new,built from the ground up.
Omidyar also confirmed that he would be personally financing just such a new mass media venture,where he will be joined by the journalist Glenn Greenwald who reported about NSA surveillance contained in papers leaked by Edward J Snowden. Greenwald announced on Tuesday that he was leaving Guardian. He stressed in an interview Tuesday that he would not be the editor or manager of the site,saying,I will be doing the journalism.
The details of the project are vague. I dont yet know how or when it will be rolled out,or what it will look like, he wrote. Greenwald will is expected to be joined by Laura Poitras,who was the conduit between him and Snowden.
Omidyar wrote on Wednesday that the project was something he would be personally and directly involved in. Omidyar wrote that just as he was looking to start his project,Greenwald and Poitras,along with the reporter and author Jeremy Scahill,were already on a path to create an online space to support independent journalists. We had a lot of overlap in terms of our ideas,and decided to join forces, he wrote.Omidyar referred to $250 million as a starting point for financial commitment.
NOAM COHEN & QUENTIN HARDY


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Starting with the release of Quest 2 this month, everyone using an Oculus device for the first time will require a Facebook account, the firm recently announced.
Existing users have the option to merge their Oculus and Facebook accounts. However, they do not have to do so until January 1, 2023.
According to Upload VR, Facebook confirmed to the publication that owners of the original Quest, Rift or Rift S who haven’t yet linked their profile can still delete their Facebook account and Oculus store purchases will be unaffected.
However, existing Oculus users who do not merge their Oculus and Facebook accounts will lose some functionality after January 1, 2023.
After that date, those without Facebook accounts will be able to continue using their device, but without “full” functionality. Purchased content will be accessible, however, Facebook said it expects some games and apps may no longer work.
All future unreleased Oculus devices will require a Facebook account, even if you already have an Oculus account.
“Giving people a single way to log into Oculus—using their Facebook account and password— will make it easier to find, connect, and play with friends in VR,” Oculus said in August.
“We know that social VR has so much more to offer, and this change will make it possible to integrate many of the features people know and love on Facebook.”
Oculus has claimed that the majority of users are already logging into Oculus with a Facebook account “to use features like chats, parties, and events, or to tune into live experiences in Oculus Venues.”

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2014 Chevrolet Silverado Debuts “Strong” on July 4
The 2014 Chevrolet Silverado is easily one of the Chevy’s most crucial offerings, and the automaker has created a new campaign to celebrate its full size pickup. At the heart of the campaign is a new song, “Strong,” written specifically for the 2014 Chevrolet Silverado. The song is performed by Grammy-nominated recording artist Will Hoge, and will air in Texas before it rolls out nationally later in July.
Chevrolet’s targeting of Texas is no accident, as one of every six full-size pickup trucks is sold in the Lone Star state. “There is no more appropriate place to launch the new Silverado campaign than in Texas, the heart of truck country, and no better way to launch it than through music,” said Tim Mahoney, Global Chevrolet chief marketing officer. “Chevrolet has a long-standing relationship with the music, and Chevys have been mentioned in more than 800 popular songs,” Mahoney added.
The current advertising focuses on attributes that might resonate with Silverado owners, and includes lyrics Chevy hopes will strike a chord with truck owners. Future spots will focus on specific features of the vehicle. The Chevrolet Silverado starts at $24,585 for a regular cab after delivery, and can clear $50,000 in a loaded crew cab version. Associate editor Trevor Dorchies recently drove the 2014 Silverado, you can read his first drive to learn more. You can also check out both the 2014 Chevrolet Silverado “Strong” commercial, as well as an extended version below. Does the campaign hit the right note?
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Automobile manufacturers and their suppliers are making huge investments in partnerships and acquisitions so they’re ready to produce tomorrow’s vehicles. Whether you think that mass adoption of self-driving cars is right around the corner, or – as we firmly believe – still well beyond the horizon, it’s indisputable that the decisions being made today will have a profound impact on the structure of the industry far into the future. There may be disagreement about when the car of the future will arrive, but there is a common vision of it as connected, autonomous, shared and electric (CASE). However, there is still little consensus on how the automotive industry of the future will be structured. What is certain is that disruptive changes are in store.
Trade conflicts, policy uncertainty and an unsure economic outlook are driving concern among global corporate leaders sharply higher across all industries, according to PwC’s 22nd Annual CEO Survey. That uncertainty about today is heightening uncertainty about tomorrow for many auto companies. The need to balance resilience in the present and readiness for the future is top of mind for many executives in the industry. Nonetheless, the strategy currently being pursued by many in the sector—i.e., expanding across the value chain by partnering with or acquiring companies specializing in AV technology or pushing into fleet management—is a risky proposition.
Though their ongoing investments in electric vehicles (EVs) may be well-timed to satisfy shifting consumer and regulator demand for cleaner cars, outsized spending on AV development is likely driven by two complementary impulses. These are, on the one hand, a belief that companies that push decisively into the AV space early will be best positioned to tap its massive potential, and, on the other, the fear that opportunities will be scarce for those who are left behind. Automakers’ stated intent may be to gain some measure of control over highly unpredictable future costs, or secure a stable or growing share of industry profit amid the rise of self-driving vehicles, but the odds are good that many of these investments will prove distracting or worse.


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Samsung Galaxy S21 Ultra Specs Leaks Online
Rumors about the next Samsungâ€™s flagship phones namely, the Galaxy S21, Galaxy S21 Plus, and Galaxy S21 Ultra going official in January gets stronger. The speculations may after all be true as key details of the S21 series have been cropping up through different sources. Today, 91mobilesÂ shared the key specifications of the S21 Ultra smartphone.
Samsung Galaxy S21 Ultra Specifications (Rumored)
TheÂ Galaxy S21 Ultra is reportedly codenamed O3 and its model number is SM-G998U. Citing leaked information acquired from tipster Ishan Agarwal,Â the publication revealed that the Galaxy S21 Ultra will feature a Dynamic AMOLED display of 6.8 inches. The screen will produce a 2K resolution and a high refresh rate of 120Hz or 144Hz. As it is known throughÂ its CAD renders, the S21 Ultra will have sport a curved edge display with a top-center positioned selfie camera cutout.
Speaking of selfies, the Galaxy S21 Ultra is expected to flaunt a selfie camera of 40-megapixel. The CAD renders have also revealed that its camera housing fuses the mid-frame, and it is packed with four lenses. It is speculated to house a 108-megapixel main camera.
Depending on the market, the Galaxy S21 Ultra will be made available in Snapdragon 875 or Exynos 2100 CPU version. The SD875 model is most likely to go towards markets like the U.S. and China. India could be one of the markets that will receive its Exynos edition.
The Galaxy S21 Ultra will run Android 10 OS coupled with One UI 3.0. It may draw power from a 5,000mAh battery. Previous reports have claimed that the phone could be coming with support forÂ 60WÂ or 66W fast charging technology. WhileÂ the S21 series is expected to arrive with S Pen support, the new leak has no information on it. A recent report revealed that the S21 Ultra could be coming inÂ colors like black, silver, and violet.


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The owners of a new-look shopping center in Hazlet have welcomed four additional tenants to the property, in a series of deals announced Thursday by Pierson Commercial.
Pierson Commercial has reported strong leasing activity across a range of retail properties, from a highway shopping center in Hazlet to a new-look transit hub in downtown Newark.
The overhaul of Newark’s sprawling Gateway Center was on display last week as a development team revealed the new two-story, glass-encased lobby that will connect the streetscape to a planned 100,000-square-foot dining and retail concourse.
Kushner Cos. has made two more additions to its retail and dining lineup at Pier Village in Long Branch, inking leases with Starbucks and a Japanese sushi steakhouse.
Denholtz Properties has taken another key step in its plan to help jumpstart Red Bank’s west side, as it prepares to open a new luxury apartment building alongside its headquarters and NJ Transit rail service, making good on a plan that began around 2016.
Four tenants have signed leases at a busy shopping center on Route 17 in East Rutherford, according to brokers with The Goldstein Group.
Former bank buildings with drive-thru lanes have drawn interest from fast-food chains, medical office tenants and investors during the pandemic, thanks in large part to their structural features and prime locations.
An acclaimed local restaurateur is coming to Newark’s Gateway Center, in one of several newly announced additions to the office complex’s revamped retail and dining space.


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White Castle, a Region staple, is celebrating its 100th anniversary of serving up its tiny, steamed, square sliders — one of the most iconic and influential burgers around.
The Columbus, Ohio-based, family-owned fast-food chain, turned 100 on Wednesday and is kicking off a yearlong celebration that will include promotions, special events and new menu items. The chain has multiple locations across Northwest Indiana, including in Whiting, Hammond, Gary, Griffith, Schererville, Merrillville, Valparaiso, Hobart, Chesterton, Munster and Michigan City.
Known for selling sliders "by the sack" and especially appealing to a late-night crowd, White Castle is so associated with the Region that it's a regular part of Hammond's annual 219 Day celebration.
White Castle began 100 years ago when Billy Ingram and Walter Anderson started selling small square hamburgers in Wichita, Kansas, for 5 cents each, basically fathering the entire fast-food industry. They came up with the idea of a white castle theme to stress cleanliness and stability.
“What started as a few little hamburger stands has turned into a successful family-owned fast-food hamburger chain and retail brand that has withstood the test of time,” said Lisa Ingram, president and CEO of White Castle and the great-granddaughter of Billy Ingram. “We’re so proud of this achievement and grateful to everyone who helped us get here, especially our team members and our craving fans around the country.”
Billy Ingram — who coined the tagline “Buy ‘em by the sack" in 1927 — bought Anderson out and moved the company to central Ohio in 1934. It quickly spread across the Buckeye State and then the Midwest and East Coast, gaining a cult following. It's become ingrained in pop culture, such as with the "Harold and Kumar Go to White Castle” movie series, the Thanksgiving slider stuffing recipe and its annual white-tablecloth Valentine's Day meal.
White Castle became the first fast-food restaurant to sell 1 billion burgers in 1961 and added cheeseburgers to the menu in 1962 — its first new menu item since it opened 41 years earlier. It more recently became the first fast-food chain to start serving plant-based Impossible Burgers.
Time Magazine named the slider, which is punctuated with five holes so it steams faster, the most influential burger of all time given how many restaurants offer their own version of it, often as an appetizer.
“Running White Castle has been an amazing experience for the extended Ingram family, and we can’t wait to see what the next 100 years have in store,” Lisa Ingram said. “But for now, we’re excited to savor this extraordinary time in our company’s history.”
The chain now operates 360 restaurants and plans to open "the world's largest White Castle" in Orlando this spring.
To celebrate a century of sliders, White Castle will give $100,000 in college scholarships to employees and their kids, offer a $100,000 Time Machine Sweepstakes, launch new uniforms with the phrase "100 years and counting," and launch augmented reality soft drink cups that come alive when viewed through a smartphone. White Castle plans to expand its frozen food manufacturing plant in Ohio, have a virtual birthday party on National Slider Day on May 15, and serve Fanta Craver Party Punch and Birthday Cake on a Stick for a limited time this spring.


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TWO resort-style homes have sold strongly to end the summer market in Frankston South.
A renovated 1950s weatherboard home went for $165,000 above reserve in front a large crowd of more than 200 people.
Earlier, a newer six-bedroom luxury home sold within its $1.9-$2.05 million price range.
No. 21 Thames St, which had a strong campaign with more than 220 inspections, had five bidders and sold for $1.315 million on February 24.
“This was well above the reserve of $1.15 million and the result was mainly due to emotional bidding on the day,” UFirst Frankston director/auctioneer Juan Merchan said.
SUBURB PROFILE FRANKSTON SOUTH
“The tightly held location and a vendor’s realistic price expectations helped ensure there was plenty of interest on the property,” Mr Merchan said.
The immaculately presented and renovated weatherboard home has an elevated position on a leafy street and is just a short stroll to the beach.
The four-bedroom home was unrecognisable from the original 1950s home after the update. The 1021sq m block also houses a solar-heated pool and a shed.
It was the eighth sale above $1 million in the suburb so far this year, sales records indicate.
Nearby, no. 22 Thames St, sold on February 27, for $970,000 with the 1960s home featuring three-bedrooms and two bathrooms.
Topping the suburb’s sales results so far in 2018 was a six-bedroom luxury home at 42 Sibyl Ave which had a price guide of $1.9-$2.05 million.
Listing agent Nicholas Lynch said the price was undisclosed and the stunning home with a tennis court and multiple entertaining zones sold on February 23 after one home inspection.
The resort-style home with bay views attracted multiple offers and sold to a local resident, Mr Lynch said.
The top end of the market in the suburb had ended 2017 strongly with two sales above $3 million.


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1 October 2002
Air Products buys into U.S. home medical market
Lehigh Valley, Pa. – Gases and chemicals supplier Air Products said Tuesday it has acquired privately owned American Homecare Supply (AHS), a homecare provider with northeastern U.S. operations, for approximately $165 million.
Conshohocken, Pa.-based AHS has approximately 800 employees and ranked among the 10 largest U.S. homecare providers of respiratory therapy and home medical equipment. AHS claims annual revenues of more than $110 million and about 95,000 patients as clients.
Air Products said it currently serves 180,000 patients and has been providing products and services to the medical industry for over 50 years. With the AHS acquisition, the company and its affiliates will now provide home medical services to more than 275,000 patients in 14 countries from more than 200 locations.
"American Homecare Supply has succeeded in building a dynamic, respected business," said John P. Jones, Air Products CEO. "Air Products is well positioned to become an industry leader in the U.S. by 2005. We are excited about the opportunity to significantly expand our global healthcare platform by entering the large and growing respiratory therapy and home medical equipment market in the U.S," he said.
Jones said that U.S. homecare segment market is estimated to grow in the range of 7%-10% annually.
Air Products said it intends to offer globally a suite of products and services including medical gases, such as oxygen and nitrogen; helium used in magnetic resonance imaging; homecare respiratory therapy and home medical equipment; and products like its OxyWalkAir portable, ambulatory breathing system used by thousands of patients in Europe seeking increased independence.
Robert Cucuel, American Homecare CEO, said he will continue as CEO and the business will remain headquartered in Conshohocken. It will operate as a separate, wholly owned subsidiary of Air Products.
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Markets are having an incredibly hard time at the moment. The Federal Reserve has finally made good on its promise to increase its interest rate by the end of 2015, and that action is causing US stocks to tank! Nonetheless, even in a down market, there are always solid stocks to watch. Today, we’ll talk about my 3 favorite stocks to watch, even as markets continue to decline…
Sunedison (SUNE) Is Headed Up, Up And Away!!!
Sunedison Inc (NYSE: SUNE)
Sunedison has been skyrocketing in the market as of late, and for good reason. Renewable energy is becoming more and more popular. The reason is simple. We have seen several pieces of good news that are helping to add support to renewable energy. First, we recently saw a landmark deal in Paris with regard to climate change, leading to massive gains in SUNE and other solar stocks. Also, the US Congress has extended a tax credit for businesses and consumers that install renewable energy systems into their homes or offices. Finally, we recently learned that the acquisition deal between SUNE and Vivint Solar is back on, offering SUNE an incredible discount. Considering all of the positive news surrounding solar at the moment, there’s no reason to be anything but bullish when it comes to Sunedison.
Recommended Stock Investing Posts:
Ascent Solar Tech (ASTI) Is Another Great Stock Pick
Ascent Solar Tech (NASDAQ: ASTI)
Ascent Solar is another company that’s likely to climb, regardless of the Federal Reserve’s decision to raise its interest rate. Much of my bullish opinion with regard to ASTI has to do with a recent contract the company has earned. Recently, we learned that ASTI has been granted the GSA Schedule 56 contract. Under this contract, government customers, including all branches of the United States military, federal agencies, US Forest Services and many, many more! This new contract is likely to lead to strong sales, increasing revenue, and ultimately an increase in the value of ASTI.
BlackBerry (BBRY) Is Headed In The Right Direction
BlackBerry Ltd (NASDAQ: BBRY)
BlackBerry is having an incredible time in the market as of late, and considering recent news, the gains are likely to continue regardless of the higher interest rate. My bullish opinion with regard to BBRY surrounds the company’s recent attempts to reclaim more market share in the smartphone industry. While BBRY was once the leader of the industry, as other operating systems became more popular, BlackBerry smartphones were left in the dust. Today, the company only claims less than 1% of the entire industry.
However, the company recently released the Priv smartphone. This new phone takes advantage of the incredible hardware created by BBRY combined with the popular Android operating system. The move was obviously a strong one for the company to make. In fact, when Priv was first launched, there were so many orders for the phone that shipments were delayed. Considering the popularity of Priv, I’m expecting to see more smartphones that mix BlackBerry and Android, leading to more sales and increasing share prices for BBRY.
What Stocks Are You Watching?
Now you know my favorite stocks to watch, even after the Federal Reserve rate hike. So, it’s time for me to hear about yours! What stocks do you believe are going to perform well following the rate hike? Let us know your opinion in the comments below!


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The booming modern retail sector now accounts for 30 percent of Indonesia's retail food trade, a World Bank report says, although Indonesian growers of fresh fruit and vegetables have yet to fully take advantage of the opportunities this provides.
"While fresh fruit and vegetables account for 8 percent of supermarket sales and up to 15 percent of urban retail sales, a high proportion -- 80 percent of the fruit and 20 percent of the vegetables -- are imported," says the report.
Published Tuesday, the ground-breaking report is titled Horticultural Producers and Supermarket Development in Indonesia.
The high level of imports reflects missed opportunities for local growers of fresh fruit and vegetables at a time when Indonesian consumption of fresh produce is on the rise.
The report said spending by Indonesians on fresh produce amounted to 50 percent of their expenditure on rice in 1994. This figure had risen to 75 percent by 2004. In urban areas, Indonesians now spend the same amount of money on fresh fruit and vegetables as they do on rice.
In addition to the lower prices, and often better quality, of imported fruit and vegetables, inadequate supply chains make it difficult for Indonesian growers to compete.
"Indonesian farmers trying to sell to the supermarkets are really handicapped by extremely poor supply chains," said Shobha Shetty, the report's lead author.
"Moving over poor roads, lacking cold chains and logistics services, while dealing with entrenched bad business practices, Indonesian farmers face formidable odds. Yet, retailers see a big opportunity for local produce in supermarkets if these supply chain problems can be resolved."
At present, the percentage of local horticultural produce being supplied to the supermarket sector stands at around 15 percent, with the rest going to the country's traditional markets.
The report offers three main recommendations to government, central and local, to help farmers improve their competitiveness and compete head-on with imported fresh produce.
First, the government can provide management, technological and factor-input assistance to farmers, and promote research so as to help farmers keep in touch with the needs of the market.
Second, in order to reduce the current high cost of transportation, it is essential for the government to provide good roads and telecommunications.
Last, but not the least, farmers' access to financial services need to be improved, the report said.
Since supermarkets normally buy on 40 days' credit terms, cash flow problems can affect suppliers, farmers and wholesalers.
To alleviate these problems, the government could facilitate agreements with the association of modern retailers (Aprindo) and the banks to help farmers access commercial loans secured by the sales they have already made to supermarkets.
For traditional retail markets, the report highlights the need for improved hygiene, sanitary standards and infrastructure -- such as pavements, roads, buildings and stalls -- so that they can compete with the supermarkets.


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This gorgeous new photo of Kylie Jenner bears a striking resemblance to her big sis, Kim Kardashian! Check it out here.
Is that you, Kim Kardashian?! In a new photo posted to Kylie Jenner’s Instagram page, the 21-year-old looks like her big sister’s twin! Kylie wears a one-shouldered, pink crop-top in the pic, putting her post-baby abs on full display. While her high-waisted jeans cover up the bottom portion of her stomach, the toned area under her chest is front and center, and she looks beyond incredible. To complete the look, Kylie wears her hair pulled back in a tight bun and smolders for the camera, with her lips in a plump pout.
This, of course, is not the first time where Kylie has resembled Kim, but it’s still quite shocking to see every time! Interestingly, just hours before Kylie posted this pic, Khloe Kardashian shared a new photo of her own and fans thought she looked like Kylie in it. Are these sisters just morphing into each other at this point!? Kim, Kylie and Khloe all welcomed new babies within months of each other in 2018, and jokingly refer to their little ones as “triplets,” so maybe now their mamas are just following suit!
Kylie’s little girl, Stormi Webster, will turn one in just a few weeks, and Kylie has been talking about her birthday party for MONTHS now. She recently revealed that she has a theme in mind, but we’ll have to wait until the fam shares pics and videos from the bash on social media to see what it is!
Earlier this week, Kylie shared an adorable new video of Stormi, which shows her talking and carrying a brand new Louis Vuitton purse. She’s BEYOND adorable, and Kylie is clearly so proud!
Source: Read Full Article


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On Friday, Girl Scouts troops will start selling cookies in-person at least eight locations between Herndon and Reston.
For those looking to stay home, Girl Scouts Nation’s Capital is also offering online cookie sales, which will be delivered through the Girl Scouts Nation’s Capital chapter. Online sales began on Monday.
Here are the locations for Reston and Herndon, according to the Girl Scouts’ cookie finder:
- Ledo Pizza (2254 Hunter’s Woods Plaza)
- Starbucks (11170 South Lakes Drive)
- Dunkin’ Donuts (2280 Hunter’s Woods Plaza)
- Flippin’ Pizza (11130 South Lakes Drive)
- CVS (11680 Plaza America Drive)
- Starbucks (1857 Fountain Drive)
- Food Lion (3059 Centreville Road)
- Lucia’s Italian Ristorante (2531 John Milton Drive)
Most of the booths will be out on weekends, with some also selling cookies on Fridays. The cookie finder lists dates next to all locations.
All cookie sales end March 14.
“This year we had a decrease [in in-person booths], but of course, Girl Scouts have found a way,” said Tygerian Burke, the marketing and communications manager for Girl Scouts Nation’s Capital.
Buying cookies online works like this:
- Customers can type their zip code into the cookie finder and find local troops selling cookies virtually. Each time the page loads, it will feature a different virtual booth.
- When customers click the link corresponding to the troop of their choice, the link will take them to a page with a description of what the sales will go toward and directions for buying the cookies.
- The cookies can be shipped to the customer’s house or to someone else as a donation.
The Girl Scouts are also having cookies delivered via GrubHub, a promotion that started in the D.C. area on Thursday, Burke said. Drivers can deliver cookies to homes within a 25-minute radius of where a scout or troop is located, which in D.C. traffic, will mean varying distances, she added.
She advised checking social media for Facebook Live promotions of GrubHub deliveries throughout the month-and-a-half of sales.
Burke said some troops within the council are setting up drive-through locations as well as signs with QR codes linking to their personalized virtual booth pages.
Girl Scouts are selling Thin Mints, Samoas, Trefoils, Do-si-dos and Tagalongs — as well as a new cookie called Lemon-Ups — for $5 a box. Two specialty cookies, S’mores and Toffee-tastics, go for $6 a box.
Image via Girl Scouts Nation’s Capital
Before we head into a weekend, let’s take a look back at the biggest stories on the site in recent days. Pet of the Week: Bear who, after living outside…
Construction on a new pedestrian bridge over Wiehle Avenue is set to begin sometime next summer. The bridge, which would connect to the Washington & Old Dominion Trail, is intended…
Zoomph, a Reston-based tech company that started in 2016 is continuing to build national partnerships. Its digital platform provides social media post metrics for sports clients along with detailed demographic…
For anyone who feels strongly about whether or not Lee Highway and Lee-Jackson Memorial Highway should continue to bear those names, the time to share that opinion has arrived. The…


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Today, WardsAuto World named the all-new 2013 Nissan Pathfinder to its annual "Ward's 10 Best Interiors" list for 2013. The recently-redesigned Pathfinder is recognized for its comfortable, yet functional interior. Vehicles are selected to the "Ward's 10 Best Interiors" list after an intensive evaluation of dozens of nominated vehicles, each judged in areas such as materials, ergonomics, safety, the human-machine interface, comfort, fit and finish, aesthetics and overall value.
"Nissan really did its homework in developing the all-new interior for the Pathfinder," said WardsAuto World magazine executive editor Tom Murphy. "It's warm, inviting, spacious and ready for anything. From the thick, Berber carpet floor mats to the Dual Panorama Moonroof, the new Pathfinder is a fine example of graceful utility."
The full "Ward's 10 Best Interiors" feature will be available in the May issue of WardsAuto World and online at www.WardsAuto.com. The award will be presented during a ceremony in Dearborn, Mich., on May 22.
Jon Brancheau, Vice President, Marketing, Nissan North America said: "The completely-redesigned Pathfinder is Nissan's most innovative Pathfinder ever. Combining the capability of an SUV with the comfort of a sedan for the entire family, the 2013 Pathfinder offers a tremendous amount of interior room and amenities to keep passengers of any age comfortable. Nissan is honored to receive this prestigious award and thanks WardsAuto World for the recognition."
The all-new fourth-generation Nissan Pathfinder seats up to seven passengers and boasts best-in-class passenger volume, best-in-class front headroom and legroom and class-exclusive reclining third row seats.* The Nissan EZ FlexTM Seating System allows the second row to move forward or backward up to 5 1/2 inches for easy access to the back row, even with a child seat installed. When carrying seven passengers, the Pathfinder still accommodates up to 16 cubic feet of cargo.
This most recent honor adds to an already impressive list of awards for Pathfinder this year. In February, MotorWeek announced the 2013 Nissan Pathfinder as their winner in the "Best Large Utility" category at the Chicago Auto Show. Additionally, Popular Mechanics named the Nissan Pathfinder "Most Versatile" in its 2013 Automotive Excellence Awards. And versatile is what many living in San Diego need for the mountains, the desert, the beach and the freeways all around.
*Ward's Large Cross/Utility Market Segmentation. MY13 Pathfinder vs. 2013 Large Cross/Utility Class. Beauty pageant pic credit: http://www.allure.com/beauty-trends/blogs/daily-beauty-reporter/miss-usa-crying.jpg


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Date: December 17, 2018
New York Post Editorial Board: Amazon’s Approach In New York Confirming “Worst Fears”
“Their ham-handed approach has been to block public input all along.”
Amazon’s approach to HQ2 in New York has been to re-write the rules of public disclosure and fight efforts for transparency.
“Fact is, beyond their $3 billion in bribes to Amazon, their ham-handed approach has been to block public input all along. Yes, it was the retailer that required the contest to host it be kept secret. But the deal bypasses the city’s normal review process and even obliges public officials to notify Amazon of any Freedom of Information requests — so it can fight them.” (The New York Post, “The Amazon debacle has confirmed the left’s worst fears,” Post Editorial Board, 12.13.18)
ABOUT THE FREE & FAIR MARKETS INITIATIVE
The Free & Fair Markets Initiative (FFMI) is a non-profit coalition of businesses, consumer advocacy groups, workers and community activists committed to scrutinizing and highlighting emerging market trends that are stifling competition and innovation, influencing federal and local government spending, putting consumer data in harm’s way and limiting consumer choice. For a list of members, please visit https://freeandfairmarketsinitiative.org/about-us/members/. For more information on the Free & Fair Markets Initiative, please visit https://freeandfairmarketsinitiative.org.


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VW staff are unconvinced of culture changeFeb. 16
VW German production at risk as wage dispute intensifiesFeb. 1
VW says works council payments legal after offices raided by prosecutorsNov. 15, 2017
VW labor leaders warn politicians not to put jobs in jeopardyAug. 10, 2017
VW labor chief pay probed by German prosecutorsMay 12, 2017
VW's Diess wins labor backing for reform plans, paper saysMarch 17, 2017
VW Group's powerful labor chief, Bernd Osterloh, said a dispute with VW brand boss Herbert Diess over how to implement reforms at the automaker's core brand has been laid to rest. "That's history," Osterloh told a German newspaper.
VW brand chief Diess gets backing from Porsche-Piech clan, report saysFeb. 24, 2017
Piech returns to settle old scores in diesel scandalFeb. 9, 2017
Ferdinand Piech abruptly departed Volkswagen Group nearly two years ago. Now the former VW chairman is looking to settle old scores and has rekindled accusations that top managers knew about falsified emissions tests months before publicly admitting to it.
VW union accuses Diess of undermining cost-cutting dealFeb. 8, 2017
VW Group's works council has accused executives including brand chief Herbert Diess of undermining a cost-cutting deal forged late last year. Labor leaders said the managers had breached the November pact by ruling out possible hirings in the first half of 2017 and cutting temporary jobs more quickly and deeply than agreed.


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Clubs group hits licence jackpot
Casino operator London Clubs International said the Nevada State Gaming Control Board has recommended approval of its application for a gaming licence in Las Vegas.
The Nevada State Gaming Commission will consider the recommendation on 27 July.
Last month, the group said it would open its new Aladdin venue in the centre of Las Vegas on 17 August.
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- Ineos reveals its brand new model Grenadier 4X4


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The Google I/O 2017, the company’s annual developer conference, has kicked off. And within just a few minutes of the event beginning, CEO Sundar Pichai has already made a big announcement – Google Lens. Also Read - Jio-Google partnership: JioPhone Next to new 5G collaboration, here are 5 key takeaways
Pichai announced Google’s new application, which is essentially an image recognizing tool. Which means, if you have the application on your Android smartphone, you can point your phone’s camera app at may be a flower or a store on the street, or a barcode, and the Google Assistant will process that image into text, and present you with contextual information. The Google Lens uses the company’s Deep Learning method. Also Read - Samsung Galaxy Chromebook Go powered by Intel Jasper Lake Celeron processor revealed
With Google Lens, your smartphone camera won’t just see what you see, but will also understand what you see to help you take action. #io17 pic.twitter.com/viOmWFjqk1 Also Read - Free COVID-19 vaccine: Today’s Google Doodle urges all to get vaccinated, wear mask
— Google (@Google) May 17, 2017
This feature isn’t exactly new to Google, it uses the same tech as the Google Translate app, though here it automatically translates words that are inside the camera’s viewfinder. Behind the scenes, Google is relying on what it calls Google Lens technology to make Assistant’s new feature work. Google Lens is also coming to the Google Photos app.
At the event, Pichai also pointed out some interesting numbers for the company. He revealed that the Google Drive has reached over 800 million monthly active users. In addition to that, Google now has 2 billion active Android devices.


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This springtime celebration includes colorful decorations, merchandise, special foods, and a sneak peek at a new song for the 35th anniversary of Tokyo Disney.
Tokyo DisneySea is also hosting an egg hunt for the first time this year and guests who find the eggs will receive a Disney hair clip.
During the celebration Mickey and Minnie and friends are performing in the Fashionable Easter show which celebrates the return of spring.
Guests will also find a collection of Easter-themed merchandise and the first items of the 35th anniversary merchandise. Items include Bunny Ears Headbands and Easter “Bunny” Bonnets.
Specialty food and drinks are available at Café Portofino, New York Deli, Barnacle Bill’s, Sebastian’s Calypso Kitchen and Tropic Al’s.
Disney’s Easter will last until June 6 and the 35th Anniversary Happiest Celebration starts April 15.


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Retail entrepreneur and founder of Pick n Pay, Raymond Ackerman, has died. He was 92 years old.
The entrepreneur, visionary and humanitarian died at the age of 92.
In an X [formely Twitter] post on Thursday morning, Pick n Pay – the company Ackerman founded in 1967 with his wife Wendy – expressed “profound sadness” regarding the death of “a visionary entrepreneur, humanitarian and a great South African”.
Added Pick n Pay: “Our country has lost a brilliant patriot who always saw a positive future for South Africa.”
After graduating from the University of Cape Town with a Bachelor of Commerce, he joined the Greatermans group in the Ackermans division in 1951 at the age of 20 as a trainee manager. Ackermans had been founded just after World War I by his father Gus, but was sold to the Greatermans group in 1940.
Ackerman was eventually offered a position at Greatermans head office in Johannesburg. In the early 1950s, food retailing supermarkets first began to appear on the scene in South Africa. Norman Herber, chairman of Greatermans decided to start a food retailer called Checkers. Ackerman was eventually put in charge of Checkers, making a resounding success of the business.
Ackerman won the Outstanding Young South African award in 1965, along with Gary Player and by 1966, at the age of 35, he was the managing director of 85 Checkers stores; however, he was fired in the same year. In response, using his severance pay and a bank loan, Ackerman bought four stores in Cape Town trading under the name Pick ‘n Pay. Under his leadership, Pick ‘n Pay eventually grew into one of Africa’s largest supermarket chains, with a thirty seven billion Rand turnover (2006 figure) and more than 124 supermarkets, 14 hypermarkets and 179 franchised outlets. The Pick ‘n Pay Group e
With profound sadness we announce that Pick n Pay founder Raymond Ackerman has passed away.
A visionary entrepreneur, humanitarian and a great South African. Our country has lost a brilliant patriot who always saw a positive future for South Africa.
‘ Pick n Pay (@PicknPay) September 7, 2023
He gained a strong reputation as a consumer advocate, fiercely combating supplier cartels in various sectors, including bread, petrol, and cigarettes.
In 2010, Ackerman retired and passed the chairman’s responsibilities to his son, Gareth. At that time, Pick n Pay was operating 20 hypermarkets and 402 supermarkets throughout South Africa, with a group turnover of nearly 50 billion rand ($2.60 billion).
Forbes estimated Ackerman’s net worth to be approximately $500 million in 2015. Today, Pick n Pay boasts an annual turnover of 106 billion rand and owns more than 2,000 stores across South Africa and seven other African countries.
In a detailed statement, also issued on Thursday morning, Pick n Pay said that “from the outset, [Raymond Ackerman] – considered one of the country’s most successful entrepreneurs – lived by the core values that the customer is queen and that doing good is good business”.
The group added that he was always dedicated “to giving customers the best possible products, the best possible value, and the best possible service in his stores”.
Pick n Pay also highlighted how he would stop and ask customers walking home with shopping bags from rival stores why they had not shopped at Pick n Pay.
However, he was “about much more than shopping,” said Pick n Pay, describing him as “a compassionate employer and a committed philanthropist”.
He was “a man of the people,” the group noted, who was “never too busy or too proud to make time for others”.


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Formula For Social Media SuccessBusiness 2 CommunitySome companies are not even listening: In Europe just under a third of companies have implemented monitoring and analysis of the social media conversations.
From the future of social TV, to new forms of journalism, to the value of real-time data, this year's Mashable Media Summit will offer a dynamic range of original subject matter that you won't find anywhere else.
How Sony ran #CatchTheTablet, its most successful social media campaign in history http://t.co/5SAthdNY by @heycheri on @TNWsocialmedia (RT @TheNextWeb: How Sony ran #CatchTheTablet, its most successful social media campaign in history...)...
Seán Gallagher's campaign was seriously hit after Pat Kenny read out a tweet that Sinn Féin would reveal the man who allegedly gave a €5,000 cheque to the Presidential front runner at a press conference.
Social media dashboard company HootSuite has raised $3 million in new funding according to a new SEC filing. HootSuite has previously raised $1.2 million from Blumberg Capital, Hearst Ventures and Geoff Entress.
Sharing your scoops to your social media accounts is a must to distribute your curated content. Not only will it drive traffic and leads through your content, but it will help show your expertise with your followers.
How to integrate my topics' content to my website?
Integrating your curated content to your website or blog will allow you to increase your website visitors’ engagement, boost SEO and acquire new visitors. By redirecting your social media traffic to your website, Scoop.it will also help you generate more qualified traffic and leads from your curation work.
Distributing your curated content through a newsletter is a great way to nurture and engage your email subscribers will developing your traffic and visibility.
Creating engaging newsletters with your curated content is really easy.


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The characteristics and features of Huawei Mate 30 Pro E became known
Huawei plans to present a new flagship model of Mate 40 smartphones, which will run on the flagship chipset Kirin 9000. The new Huawei Mate 40 model line will be a real flagship solution in 2020, but in addition, Huawei plans to present a simpler model called Mate 30 Pro E.
To date, we have learned a little about this smartphone, but now it has appeared on the official website of the certification agency TENAA. According to the images that appeared in TENAA, the smartphone will look literally the same as last year’s Huawei Mate 30 Pro.
Also Read: Huawei Mate 40 Pro Features
At the same time, according to insider information, in the model, some components of foreign production will be replaced by the Chinese. Last year’s flagship Kirin 990 chipset will be responsible for the model’s work.
Huawei Mate 30 Pro E Characteristics and Features
It is known that the Huawei Mate 30 Pro E will be equipped with an OLED display with a diagonal of 6.53 inches, Full HD + resolution, and curved edges. There will be up to 12 GB of RAM and up to 512 GB of internal memory. The 4500 mAh battery with support for fast charging with a capacity of 40W will be responsible for autonomy.
The smartphone will run the Android 10 operating system with the proprietary EMUI shell. The model is expected to be presented together with the Huawei Mate 40 at the presentation on October 22.


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Mark VII Equipment Inc., Arvada, Colo., the U.S. subsidiary of WashTec AG of Germany, which supplies innovative solutions for the carwash business worldwide, has launched direct sales and service operations in Oklahoma.
“We look forward to directly supporting our former distributor’s customer base,” said Murray Kennedy, CEO of Mark VII. “It includes plenty of Mark VIIs, as well as a significant number of machines from our competitors. This fits perfectly with our strategy of being a one-stop service provider for key accounts.”
Mark VII’s Oklahoma-based service technicians report to Doug Urban, Regional Service Manager, and are supported by Mark VII’s Allen, Texas regional office and warehouse. Effective immediately, Oklahoma customers can call 877-227-1155 for service. Ryan Beaty, vice president of sales for the Western Region, will direct sales operations in Oklahoma and can be reached at 503-358-5294.
For more information about Mark VII, visit www.markvii.net or call Mark VII at 800-525-8248.


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The Michelin Commander tires have been around for many years and frankly the competition from tire manufacturers like Dunlop, Avon and Metzeler have really beaten them up in the market place. As a result, Michelin created the Michelin Commander 2 tires. Michelin has made it there mission to construct the best touring tire available in the USA. So last year Michelin set out on a mission to improve the original Commander Motorcycle tires.
To make tread life last as long as possible on these tires, Michelin has developed a new rubber compound. The carcass of this new radial tire is associated with Silica Rain Technology (SRT) which integrates silica into the compound of the tire tread, while the Michelin Commander 2‘s tread pattern has been designed to prevent all forms of uneven wear.
The tread pattern is designed to have excellent traction and control in wet conditions.
The exclusive architecture of the Michelin Commander II brings both maneuverability and stability. The tire’s more rigid, high-density carcass improves maneuverability, while the aramid fiber crown ply of the rear tire enhances resistance and lightness for impeccable stability, even at high speeds.
Michelin’s launch of the Commander 2 Tire will deliver unrivaled tire life. Independent tests carried out in the United States using a Harley-Davidson® Electra Glide® Classic prove it: a rear Michelin Commander II tire is capable of covering up to 25,000 miles. That’s nearly twice the distance covered by its direct competitors, while the longevity of the front tire is even greater. The Michelin Commander II creates a new standard with regard to durability, yet without making any compromises in terms of wet weather grip, maneuverability or stability. This performance balance provides yet another eloquent illustration of Michelin’s research and development philosophy: no performance gain to be achieved on one front to the detriment of another.


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By Alex WeprinJ. Clara Chan July 21, pm.
Going mobile: netflix wants to be the everything app
Despite its reputation as the king of subscription streaming video, Netflix understands it has never had the dominance on mobile devices that it has on TV screens. When a subscriber plops down on the couch and opens the Netflix app on their TV, they are welcomed with an array of content the service thinks they will want to binge-watch.
User time is not infinite — they can only be looking at one screen at a time — and Netflix wants to gobble up as much of that time as possible. And the vast majority of our members have phones that are capable of a great gameplay experience, which sort of checks all of those boxes. When a subscriber opens their Netflix app on their iPhone, the company wants to serve them a mobile-first menu of content options that rivals the movies and TV shows it features prominently on the TV glass.
Mobile is inherently a different beast than TV. In other words, a fresh mobile experience, led by games, might be just the thing to keep Netflix growing in markets like North America where its subscription levels are nearing saturation, and making the service an even better value for its users. Just as Netflix offers mobile-only tiers in some countries, games and other formats could expand that experimentation further.
And the app has no advertising or add-ons, both of which are common in the gaming space but an annoyance to users. The company agrees.
But it is also a major risk for Netflix, which for years has been a Wall Street darling thanks to its insatiable growth. Games are expensive and complex, and there remain real questions about how it plans to deliver those games to consumers will they stream, or require downlo?
Even video game publishers like Activision, EA, Take-Two, Ubisoft and Nintendo have tried for years to create compelling mobile content, and each has had lasting success only through acquisition. Of course an acquisition would not be out of the question for Netflix.
Clara Chan. Related Stories. All Rights reserved. Close the menu Logo text.


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The first rendering with the upcoming Jaguar XER-S has recently hit the web and it might provide us with a look into the upcoming performance sedan.
The development of the Jaguar XE entry-level sedan is no longer a surprise for anyone who is reading the automotive news every once in a while as the model in question has been officially unveiled earlier this month, but with the model in question competing with vehicles such as the BMW 3-Series, the Mercedes-Benz C-Class or the Audi A4, the question on everyone’s lips was whether the company will develop a rival for the M4, C63 AMG and RS4.
The answer to this question is probably “yes” but since we don’t have a clue on what it will be like once it will be hitting the market, Theophilus Chin has worked some magic once again and managed to create a rendering of the upcoming model. This has been named, of course, the XER-S and it will be R-S version of the newly unveiled sedan. We are not sure what engine this will be using but the current XE S is coming with 340 HP (250 kW) and 450 Nm (331 lb-ft) of torque from a 3.0L V6 engine.


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Paving the way for successful digital transformation
Now more than two years since the Covid-19 pandemic began, most organizations are well into their digital transformation. They’ve stood up new technologies, launched new customer experiences, and adapted to dramatic changes in both processes and culture. But how have companies fared in their digital transformation efforts in 2021, and what priorities and goals do they have for 2022 and beyond?
A January 2022 survey by Harvard Business Review Analytic Services of 727 executives from across the globe finds that 92% say their organization’s digital transformation will become more important to business success over the next 12 months. The survey also finds that organizations are shifting their goals—and they are tackling both new and persistent challenges in culture, technology, and business processes along the way.
Businesses are turning their attention from productivity, resiliency, and agility-focused objectives to priorities that deliver business value and drive their organizations forward. Businesses have also capitalized on lessons learned since the pandemic began, which has enabled them to further accelerate their transformations and reap more business benefits.
Download Paving the way for successful digital transformation Whitepaper


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Radhe: A Salman Khan movie to watch with family this Eid
Published : 12 May 2021, 18:30
ZEE5 Global, the largest global OTT platform for South Asian content, is all set to release the most anticipated Bollywood film of 2021 -- Salman Khan starred 'Radhe: Your Most Wanted Bhai' -- for its viewers in Bangladesh on May 13.
The first Bollywood big-scale entertainer releasing this festive season, 'Radhe: Your Most Wanted Bhai', will have a digital release in Bangladesh and will be launched on ZEE5 in other global markets too following the theatre release of the movie.
With Bollywood superstar Salman Khan in the lead and co-starring Jackie Shroff, Randeep Hooda, and Disha Patani in pivotal roles, Radhe will be available for audiences in Bangladesh on ZEE5 in a special combo offer, according to a release.
The film’s enthralling plot revolves around Radhe, a cop who has his own way of dealing with criminals. The trailer offers a sneak peek of the exciting action sequences and dance numbers, akin to a classic Bollywood blockbuster.
ZEE5 subscribers can buy an annual pack for 720 BDT to watch Radhe along with 130,000 plus hours of ZEE5 Originals, movies, TV shows, TV channels, and video content, including Bangla Originals like Mainkar Chipay, Contract and Jodi, Kintu Tobuo, without advertisements. The film’s trailer has already become a fan-favorite, amassing 78 million-plus views on YouTube.
Archana Anand, Chief Business Officer of ZEE5 Global, said, “Salman Khan’s films are well-loved the world over and fans from across countries have eagerly been waiting to watch this latest release. We’re thrilled to release Radhe on ZEE5 for our Bangladeshi audiences on the very special occasion of Eid and to enable them to watch Superstar Salman Khan’s latest release from the safety of their homes."
"Bangladesh has always been a high-priority market for us and we aim to reach every online screen in the country with the biggest blockbusters and best offers to enable people to access this content,” she added.
Following the traditional Eid-ul-Fitr release of Salman Khan's movies in previous years, Radhe is presented by Salman Khan Films in association with ZEE Studios, and produced by Salma Khan, Sohail Khan, and Reel Life Production Pvt Limited.
- Most viewed


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"Having to take prescription medication is stressful enough, the last thing I want to worry about is if this medication is going to make me sick..." she said.
Thanksgiving is a federal holiday, which means many public institutions will be closed so families can come together for the festivities.
The crisis has killed half a million Americans over the past two decades, but this was the first time pharmacy companies defended their role in court.
The company gave no details as to where the closings would happen, only saying they would begin next spring. Stores will be categorized into three models.
The LA store has gothic features very different from a regular CVS, but the backstory behind the building is twice as interesting.
You still need to bring your mask with you when you shop at most major retailers.
The new rapid self-test kits will be sold online at the CVS, Walgreens and Walmart websites and in some stores from this week.
The state health department website can only be used for scheduling an appointment at a New York State-run vaccination site.
Workers and customers at some retailers, including Target, CVS and Walgreens, are required to wear face coverings despite the rule change.
President Biden said in a March 2 directive to all states that the aim is to have teachers, school staff and childcare workers administered with their first shot by the end of March.
Residents aged 65 or over will be eligible for the batch of doses and appointments will become available via the CVS website from Wednesday, Governor Ron DeSantis said.
Appointments for the COVID-19 jab can be booked at the CVS website or by using the pharmacy chain's app.
More than 4.7 million COVID vaccine doses have been shipped to the state so far.
Currently the vaccine is available for appointments at select stores in Indiana, Massachusetts, New York and Puerto Rico.
The brand is still available at a number of stores amid the controversy surrounding CEO Mike Lindell.
While many federal services will be unavailable or limited today, private companies like grocery stores will generally remain open.
Missing an ingredient for your holiday feast? Find out which popular convenience stores and grocery chains will be open on December 25.
Speaking on CBS This Morning, he rebuked Biden administration claims that the government doesn't have a plan for distribution, saying that in the meeting the Trump administration laid out "in minute detail how we would ship the vaccine."
Which stores are open during the celebration of the labor movement?
Walmart is encouraging customers to pay by card, while Kroger is rounding up purchases and donating the change to charity.
Some grocery stores will be open on Memorial Day, but operating with limited or modified hours.
Major grocery store chains are offering delivery deals on essentials as states issue stay at home orders.
The vaccine is the "first and most important step in protecting against influenza and its potentially serious complications," according to the CDC.
Specifically, CSR has become the weapon of choice for what is known as, in corporate speak, the three R's: Investor Relations, Human Resources, and Public Relations.
Customers can also earn $10 in "ExtraBucks" or a $10 CVS Cash Card when they spend $30 on qualifying in-store and online purchases
Zantac and ranitidine have made a lot of headlines recently, after the FDA made the decision to investigate possible contaminants in ranitidine products.
"We join a growing chorus of businesses in requesting that our customers, other than authorized law enforcement personnel, do not bring firearms into our stores," CVS wrote in a Twitter post Thursday.


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By Lisa Johnston
New products on display at the American International Toy Fair, held in N
Sales of audio components and systems tumbled in 2005, and iPod-driven portable aduio sales soared past home aduio sales levels for the first time ever.
Is a home audio apocalypse in the making, or is this just another case of streetcorner prophets getting it wrong again?
For a look at what happened in 2005 and 2006 prophesies, TWICE assembled a panel of marketers to analyze the trends and issue their forecasts. Q uestions were e-mailed to the participants, who offered these replies:
This TWICE webinar, hosted by senior editor Alan Wolf, will take a look at what may be the hottest CE products at retail that will be sold during the all-important fourth quarter. Top technologies, market strategies and industry trends will be discussed with industry analysts and executives.


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Connect with top gaming leaders in Los Angeles at GamesBeat Summit 2023 this May 22-23. Register here.
Waffle is offering insurance for gamers, protecting them from account hacks and digital asset theft.
From mastering complex quests in mythical lands to outmaneuvering opponents in virtual battlefields, gaming has captured the hearts of billions. But what happens when a gamer’s account is compromised by a cyberattack and valuable digital assets are stolen?
Waffle is an all-in-one consumer InsurTech solution, and Blink by Chubb, a growing suite of Chubb backed digital consumer insurance products, provide insurance protection for the financial investments gamers make to level-up their virtual experiences. Chubb is the world’s largest publicly traded property and casualty insurance company.
According to Norton, nearly half of American gamers have experienced a cyberattack to their gaming account or device. Of those, more than three in four (76%) report that they were financially affected as a result, losing a striking $744 on average. Many gamers have had limited insurance protection options for their digital assets. But that can change, thanks to the collaboration between Waffle and Blink by Chubb.
GamesBeat Summit 2023
Join the GamesBeat community in Los Angeles this May 22-23. You’ll hear from the brightest minds within the gaming industry to share their updates on the latest developments.
Waffle said it’s a product from gamers for gamers.
“From Zelda to Call of Duty with every Witcher, FIFA and 2048 in between, we live and breathe gaming,” said Quentin Coolen, CEO of Waffle, in a statement. “As gamers, we know firsthand the thrill of exploring new worlds and achieving epic victories within our favorite games. We also understand the gut-wrenching feeling of losing everything in an instant because of a cyberattack. Whether it’s our digital game collection or cherished


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Surge in obese population, new product development and rapid growth in the food service industry fuel the growth of the global meat substitute market.
PORTLAND, OR, UNITED STATES, February 25, 2022 /EINPresswire.com/ — Meat Substitute Market by Product Type (Tofu-Based, Tempeh-Based, TVP-Based, Seitan–Based, Quorn-Based, and Others), Source(Soy-Based, Wheat-Based, Mycoprotein, and Others), and Category (Frozen, Refrigerated, and Shelf Stable): Global Opportunity Analysis and Industry Forecast, 2021–2027.” According to the report, the global meat substitute industry was estimated at $4.51 billion in 2019, and is anticipated to hit $8.82 billion by 2027, registering a CAGR of 7.2% from 2021 to 2027.
Surge in obese population, new product development, rapid growth in the food service industry, and increasing concerns regarding environmental sustainability and animal welfare fuel the growth of the global meat substitute market. On the other hand, wide availability of substitutes restrains the growth to some extent. However, increase in health awareness and veganism is expected to create lucrative opportunities in the industry.
Download Sample Copy Of Report@ https://www.alliedmarketresearch.com/request-sample/816
On the basis of source, the soy-based segment garnered nearly two-thirds of the total market revenue in 2019 and is anticipated to retain its dominance throughout the forecast period. This is attributed to the fact that soy proteins, including soy protein isolate and soy protein concentrate, are the major ingredients in structured plant-based alternative products, owing to their abundance, low-cost, meat-like texture after hydration, and high amino acid composition. Simultaneously, the wheat-based segment would portray the fastest CAGR of 10.0% from 2021 to 2027, due to high nutritional content in the products.
On the basis of category, the frozen segment held more than three-fourths of the global meat substitute market share in 2019 and is expected to retain its dominance by the end of 2027. The fact that ready meals, including cooked and semi-cooked meat substitute food products have become increasingly popular across the world has propelled the growth of the segment. The shelf stable segment, on the other hand, would register the fastest CAGR of 9.9% during the forecast period, due to the fact that the outbreak of the COVID-19 pandemic led to increase in demand for shelf-stable meat substitutes among individuals.
On the basis of region, Europe, followed by North America, held the major share in 2019, generating nearly two-fifths of the global meat substitute market. The market comprises some of the most renowned brands of meat substitutes such as Quorn Foods, Cauldron Foods, and others. Moreover, the market has witnessed the entry of some of the renowned players from the meat food industry, such as Rugenwalder Muhle, lately. These factors drive the market growth in the region. At the same time, Asia-Pacific would manifest the fastest CAGR of 9.4% by 2027. This is because the market players have focused on new product development and increase in production capabilities, foreseeing the upcoming demand for meat analog products in the Asia-Pacific region.
The outbreak of the pandemic has infused more health consciousness among people and the demand for plant-based diet and other organic sources has experienced a steep increase, thereby impacting the global meat substitute market positively. However, there have been disorders in the supply of raw materials due to lockdowns which has hampered the market growth to some extent.
For Purchase Enquiry at: https://www.alliedmarketresearch.com/purchase-enquiry/816
The leading market players analyzed in the global meat substitute market report include Beyond Meat, Cauldron Foods, MGP Ingredients, Garden Protein International, Inc., Vbites Food, Ltd., Meatless B.V., Quorn Foods, Sonic Biochem Extractions Limited, Morningstar Farms, and Amy’s Kitchen. These market players have adopted different strategies including partnership, expansion, collaboration, joint ventures, and others to reinforce their status in the industry.


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An 18x zoom lens, 16 megapixel resolution and cheap price demands your attentionin a take-anywhere pocket compact camera.
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AdPlayer.Pro enhances the functional core of its video ad serving and management platform, expanding outstream video advertising opportunities for brands and agencies.
AdPlayer.Pro, a global provider of outstream video ads solutions, has released essential updates for its video ad server users on the Demand side.
Marketing Technology News: MarTech Interview with Clayton Ruebensaal, EVP of Global B2B Marketing at American Express
According to the official announcement, one of the most crucial upgrades implies advertisers’ ability to connect videos from their YouTube channels as a source of Demand for outstream ad placements on publishers’ digital properties.
The released functionality unlocks new marketing opportunities for brands wishing to promote their YouTube channels, while enabling advertising businesses to optimize their resources used for the video ad creatives production.
More importantly, the newly-introduced YouTube Demand feature allows brands and agencies to improve A/B testing of various video ad creatives on a single placement, working with existing YouTube videos, instead of creating new ones each time.
Marketing Technology News: Informatica Speeds Cloud-Native Enterprise Data Management With NVIDIA Accelerated Computing
The new functional capabilities also implies exceptional benefits for publishers of editorial content, by simplifying the approval and optimization of video ad creatives for outstream placements on their web/app properties.
As Anton Liaskovskyi, the AdPlayer.Pro CEO claimed, the newly-released functionality has already become quite a hit among the AdPlayer.Pro video ad server users.
“Well, it’s simple. The new YouTube Demand feature really makes things much easier for advertisers, in terms of prep and launch of digital video advertising campaigns in the premium editorial environment. The campaign setup doesn’t require any extra production efforts, and literally takes seconds,” he explained.
Marketing Technology News: Latest in Content Advertising: No more Facebook News for Australian Users


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The Associated Press
OLYMPIA — State health officials say two illnesses have been linked to products recently recalled by Snoqualmie Gourmet Ice Cream.
Health Department spokesman Donn Moyer says two men in King County were hospitalized after eating products made by the Snohomish company. Both are in their 50s and have underlying medical conditions. They are recovering out of the hospital.
The company has voluntarily recalled nearly a year’s worth of ice cream and related products because of possible listeria contamination.
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The recall announced Tuesday covers products made from Jan. 1 until Dec. 15. Products include all flavors and sizes of ice cream, gelato, custard and sorbet, as well as Emerald & Spruce Ice Cream and Top Pot Hand Forged Ice Cream.
Listeria can cause serious illness and even death in groups such as children, the frail and the elderly. Healthy people may suffer flu-like symptoms, such as high fever, headache, nausea and diarrhea.


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What is more, says eyeforpharma, Pharma’s approach to DTC is "decoupling from patient needs causing patients to disengage from traditional tactics. Only 39% of patients interviewed thought that advertisements for prescription drugs helped them have better discussions with [their] doctor versus 62% in 1999."
"These worrying results," says the report, "show that pharma is not just failing to maximize the value from this increasingly expensive investment but that the current approach to DTC is actually undermining industry efforts to reposition itself as an industry focused on patient needs."
What are the reasons for this? Let's look at the data first.
The report presents data from research undertaken by the Health Stories Project and compares it with earlier FDA surveys on patient attitudes towards DTC advertising.
|A portion of Table 2 from the whitepaper.|
Not only are consumers confused by DTC ads, they are frightened by them, IMHO!
One possible reason for the reduced level of interest by consumers in DTC ads, says eyeforpharma in the whitepaper, is a "negative reaction to the use of what could be perceived as 'scare tactics' or shock value to garner attention in a crowded media environment."
Pharma has a responsibility to be more tactful, says John Mack, the industry thought-leader behind the Pharma Marketing Blog “While scare tactics might be good for awareness, I’ve always thought DTC shouldn’t blame people,” he says 18 “I’m not a fan of TV ads for pharma products; they don’t depict patients accurately,” says the anonymous patient advocate, who also criticizes TV ads for communicating product information in a manner that can intimidate rather than empower the patient “Even my 93-year- old mother has commented that the side effects sound worse than the health problem the medicine is supposed to help ”The whitepaper includes comments and opinionsof other industry leaders and pundits. Download it here.


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Marks & Spencer has reported its ninth consecutive quarter of sliding clothing and homeware sales and warned that consumers remain reluctant to spend.
The retailer said like-for-like general merchandise sales dropped 1.3% between July and September on a year earlier, slightly above City hopes and better than a 1.6% first-quarter decline.
Underlying pre-tax profits dropped 8.9% to £261.6 million during the six months to the end of September, weighed down by the cost of the star-studded launch of its autumn/winter clothing range.
Chief executive Marc Bolland said its revamp of womenswear was its key priority during the period, and is showing “early signs of improvement”.
But the high street bellwether said that, while consumer confidence appears to be improving, there is little evidence of this translating into higher spending, adding that it is cautious on the outlook for the rest of the year.
Like-for-like sales in its food business rose 3.2% in its second quarter.


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RPG Asdivine Dios Heads To Nintendo Switch July 4th
Journey across the land to recover your magic in this upcoming game.
Asdivine Dios Launches July 4 On Nintendo Switch
Kemco has announced the final release date and pricing for Asdivine Dios in Japan.
Asdivine Dios Announced For Nintendo Switch
KEMCO has announced a new RPG in the Asdivine series called Asdivine Dios in Japan.


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King of Fighters XIV has gone back to the 3D visual style, not seen since Maximum Impact. The series has always been known for its 2D graphics and the hand drawn look from XII and XIII stood out from the top fighting games. The 3D graphics have been coming under some backlash but they have been slowly refining the visuals. When this game is released, hopefully it becomes visually appealing and more approachable gameplay wise.
As stated this is the first Nintendo Direct since the passing of Satoru Iwata President and CEO of Nintendo. This Nintendo Direct marks off the end of this year and the first half of next year with a strong and health lineup of new games, sequels, remakes, amiibos and surprises. Love them or hate them, there’s something here for everyone.


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TechSpot means tech analysis and advice you can trust.
In brief: Advertising is big business these days, and Uber is looking to capitalize on that industry in a more direct way now. Uber has partnered with ad tech company Adomni to place "ad displays" on the rooftops of its drivers' vehicles.
In terms of shape, these ad displays will be similar to what city-goers often see on top of taxis. Of course, as potentially lucrative as this could be for Uber, the company would have a hard time forcing its thousands of drivers to adopt these displays without giving them something in return.
That's why Uber will compensate any drivers who decide to play ball. Over the course of a temporary pilot program (we're unsure exactly how long it will run) across three cities, Uber will offer its drivers $100 a week (in addition to a $300 upfront payout) for installing these displays. Drivers will need to cart customers around for at least 20 hours each week to be eligible.
The types of ads Uber plans to show on these displays will vary, and we're sure the company has some internal system for determining when and where to display certain sponsored messages. Specific ads may work better in some participating cities than others, after all.
Uber's rooftop ads will reportedly begin showing up on April 1, so if you drive for the ride-sharing company, it might be worth looking into this program further. We'll update you if Uber releases any specific sign-up information in the near future.
Image credit: Shutterstock


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The FDA is speeding up generics approvals. It’s just not speeding up the ones Mylan needs.
Wednesday, the knockoffs giant said it would remove copies of big guns—Copaxone from Teva and Advair from GlaxoSmithKline—from its 2017 guidance, pushing them into 2018 instead. It now expects revenues to hit between $11.5 billion and $12.5 billion for the year, down from a previous range of $12.25 billion to $13.75 billion.
The company pointed the finger, in part, at regulators. CEO Heather Bresch told investors on the company’s Q2 conference call that Mylan expects “approval delays to persist this year as the FDA continues to reorganize and adapt its process and priorities.”
In June, Mylan said it received an “information request” from the FDA over its version of Teva’s 20 mg multiple sclerosis blockbuster, a product that was already long delayed at the time. That event followed a March rejection of its Advair copy, which spurred a complete response letter from regulators.
As Mylan insists, though, its problems—at least with Copaxone—are nothing but “a timing issue.”
“There’s no science we are dealing with any more,” company president Rajiv Malik said on the call. “It’s perplexing ... this whole reorganization within the FDA is coming into play.”
The FDA has taken big steps toward increasing the number of generic rivals in order to fight high drug prices; in June, it posted a list of off-patent meds with little or no competition and said it would prioritize reviews for copies of meds that have fewer than three approved generic attackers.
As Malik told investors, though, while the agency has sped up the process for approving second, third and fourth generics for a reference product, approvals for first generics haven’t gotten any speedier—especially for the complex kind Mylan’s aiming to bring to market.
Still, Mylan sees those complex products as key to weathering the price-erosion storm that’s been wreaking havoc in the U.S. generics market.
“If we just stick within the United States, the diversity of your product portfolio, I think, is incredibly important,” Bresch said, adding that “diversity within a segment absolutely helps maintain” the high margins the generics industry has traditionally been used to.
The way she sees it, those complex launches will come and eventually help the company withstand the industry-wide challenges and “come out stronger,” she said.
For now, though, Mylan’s numbers aren’t looking so hot. Adjusted EPS of $1.10 missed quarterly expectations of $1.16, while revenues of $2.96 billion came in short of consensus $3.08 billion forecasts. In addition to generics price erosion, declining EpiPen revenues also played a roll in the miss, Mylan said.
“First look: not good,” Wells Fargo analyst David Maris wrote to clients after seeing the company’s earnings report. “Expect material weakness today,” Evercore ISI’s Umer Raffat cautioned his own clients.


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Such is the euphoria that has gripped Sandton City as the Hollywood star got the ball rolling for the international multi-sporting event named after him being held here this weekend.
The legendary professional bodybuilder 's visit here marks the launch of Arnold Classic Africa.
The Arnold Classic Africa has pushed into the shade one of Africa's leading shopping centre, famed for its unparalleled shopping experience. It has all been about the strongmen who will make this place their home for the next three days.
Opening the event at a local hotel yesterday, Schwarzenegger told a packed press conference the Arnold Classic would become a permanent feature on the continent.
While Schwarzenegger, who has an estimated net worth of $300 million had some words of advice for budding bodybuilders, he said his life experience should serve as a motivation to many.
The actor, politician, and businessman spoke of how as a child, he wanted to move from Austria to America to become rich and famous – and that is exactly what he did. This was despite that life never dealt him the easiest of cards but he learnt to turn lemons that were dished out to him into lemonade.
“I was lucky America is the land of opportunities,” he said.
He said even when he decided to go into acting no one believed he could hit the jackpot one day with blockbuster titles like Terminator, Commando, Last Action Hero and The Expendables.


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Nobody does Valentine’s Day quite like the Japanese more specifically, Japanese women. While the observance of Valentine’s Day may arouse opposition in Middle Eastern countries, where critics complain the practice represents a decadent Western custom, it is quite popular in Japan, and they twist it around to fit in their tradition.
In the Land of Rising Sun, every Feb. 14 has been set aside as the ‘Japanese day of chocolates’, which generally involves girls and women handing out presents, usually chocolates, to the men in their lives as a show of love, affection or respect. That’s right, in the West men are expected to lavish their women with gifts during Valentines Day, in Japan however, the men receive it from their female counterparts.
A sleek marketing campaign conjured up by Japanese confectioner firm Marys chocolate reportedly started the custom in the 1950s. Fifty years later, the holiday has morphed into an all out celebration of chocolate in Japan, driving forward a $2.5 billion industry for retailers.
“It’s almost like a fifth season. It’s that big,” said Adam Kassab, a professor at Globis University in Tokyo. “The marketing people are very clever because they linked giving chocolates with a very core, Japanese cultural belief or value which is showing appreciation or social obligation.”
The gift giving isn’t just limited to their loved ones, but co-workers, friends, and family. It even comes with its own etiquette rules, according to Kassab; cheaper chocolates given to male bosses and co-workers are dubbed “giri-choco” or “obligation chocolates”. Love chocolates given to loved ones are known as “honmei-choco”, while chocolates exchange with friends referred to as “tomo-choco”.
“Anything below 1,000 Yen ($10) means that they’re not that special to you,” Kassab said. “You just have to do it because everybody else does it.” Love chocolates (to a boyfriend or husband) is usually more expensive than obligation chocolates (to boss, co-workers or father) as they are hand-made to craft out a meaningful personal present.
The chocolate giving custom isnt cheap. A recent survey by department store Printemps Ginza found that women on average spend about 3,200 Yen ($35) on chocolate for their significant other, and shell out more than 9,300 Yen ($100) for obligation chocolates. They set aside 2,800 Yen ($30) to buy chocolates for themselves, also known as “jibun choco”.
This is how to celebrate Valentine in Japan
The same survey reveals that 61% of women still considered “honmei choco”, or chocolate for loved ones, to be the most important type of chocolate on Valentine’s Day, and 24% for “jibun choco” (chocolate for self) “Chocolates with cute wrapping and lower prices are very popular this year,” Manabu Nudejima, a PR representative at Tokyu Department Store said. He added that “tomo-choco” (chocolate for friends) is gaining popularity among women.
Japan is predominantly a Shinto-Buddhist nation, though some 7080% of the Japanese regularly tell pollsters they do not consider themselves believers in any religion. Unlike in the West, Valentines Day in Japan is not associated with Christian’s Saint Valentine, and the traditional “Happy Valentines Day” wish is ignored.
Japanese men aren’t entirely off the hook. While they may not have to give chocolates on Valentines Day, they are expected to return the favor on the “Japanese White Day” - one month from now. The ‘White Day’ however, isn’t quite as popular as Valentines Day. The country is the largest market for chocolate in Asia. In fact, consultancy firm KPMG records that Japan accounted for about $100 billion of the worlds chocolate consumption in 2012.
Valentine is highly frowned upon in Middle East
Across the world, Valentine’s Day is frowned upon in Saudi Arabia and Iran, where it is banned. The Saudi authorities believed that the festival may lead to ‘moral catastrophe’ especially for the youths. Religious police launched a nationwide crackdown on Thursday against stores selling items that are red or in any other way allude to the banned celebrations of Valentine’s Day, a Saudi official said.
Members of the feared religious police were inspecting shops for red roses, heart-shaped products or gifts wrapped in red, and ordering store-owners to get rid of them, the official said. He spoke on condition of anonymity because he was not authorized to speak to reporters. Red-colored or heart-shaped items are legal at other times of the year, but on Feb. 14 nears they become contraband in Saudi Arabia.
The kingdom bans celebration of Western holidays such as Valentine’s Day, named after a Christian saint said to have been martyred by the Romans in the 3rd Century. Most shops in Riyadh’s upscale neighborhoods have removed all red items from their shelves. A statement by the religious police, informally known as the muttawa, was published in Saudi newspapers, warning shop owners against any violations.
Many Saudi Arabians secretly celebrating Valentine’s Day
“Those who don’t comply will be punished,” the statement said, without spelling out what measures would befall the offenders. The muttawa however, clarified that they would not shut down or ban any flower shops in the Kingdom on Valentine’s Day, after rumors circulating that they would close all shops selling flowers on the day.
In Iran, the theocrats running the government are not known to be fond of Valentine’s either. Every year on this day, the authorities would dispatch extra personnel on the streets aimed at preventing the spread of ‘corrupted culture’. “This year they told us not to sell any red roses otherwise we can face the closure of our flower shop,” said a 40-year-old female florist in north Tehran.
Valentine’s Day however, is becoming increasingly popular over the past years, especially among many Iranian youths. “Valentine’s Day is finding its place in the hearts of many Iranian youths,” said 21-year-old private sector employee Navazesh, who refused to give her surname. “I feel different when I wake up on Valentine’s Day.”
27-year-old university student Mehran said he is upset about limitations imposed by Iranian authorities on young people. “Love knows no boundaries,” he said, adding that despite his own financial hardship, he is willing to splash out on this particular day of the year.
Hardliners see Valentine’s Day as part of a deliberate “soft war” waged by the West to corrupt Iran’s youth and is a “sacrilegious cultural inroad from the domineering capitalist system with the aim of weakening the Irans fundamental family values.” But young Iranians with access to the internet are familiar with Western culture, “I just want to live like other young people around the world. I feel like part of the global community when I celebrate Valentine’s Day,” said high school student Reza Khosravi.
Shops are still secretly selling Valentine’s themed products. "We have lookouts to tell us when amaken (commercial inspectors) are coming, says one shop keeper. “If they find un-Islamic products they put a seal on the door and close us down.” A last-minute customer takes some heart-shaped balloons to the counter. “Last year I came home and my wife had cooked dinner and had heart shaped chocolates for me,” he explains. “Shell be upset if I dont buy her something this year.”


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Mobile couponing and cashback service recruits another partner.
Danone has become the latest brand to partner with Shopitze to trial its mobile couponing and cashback service.
The mobile shopping engagement specialist is currently testing its brand-to-consumer cashback mobile couponing service, which offers exclusive grocery deals on its brands direct to its consumers.
Earlier this month it was announced that Philadelphia with Cadbury had also signed up to trial the service.
By utilising the service, Danone is now offering cashback on some of its biggest-selling grocery brands via the Shopitize money-saving app, including Activia, Actimel and Danio yoghurt.
Following successful trials with a select group of 15,000 smartphone-using shoppers, the Shopitize app is now freely available to iPhone and Android smartphone users across the UK.
The trial period saw consumers save up to 80 per cent on the RRP of featured products in the process. This has led to predictions that around 100,000 consumers will be using the app by May of this year.
Shopitize’s mobile cashback service currently offers over 50 deals from some of the UK’s biggest brands. Among those already using the service are General Mills, Kellogg's, Philadelphia with Cadbury and United Biscuits, as well as a number of niche companies, including Aunt Bessie's and Little Dish.
"Shopitize's mobile couponing service has the potential to change the way that brands can interact with consumers and get deep insights into the world of savvy grocery shopping," said Joel Kirstein, Danone's Digital Brand and CRM Manager.
"With this lifestyle app and service, we have the ability to connect with consumers at the point of purchase at a time when smartphone usage is seeing dramatic growth."
Graham Halling, commercial director of Shopitize, added: "Clearly, Shopitize is delighted that Danone joins the growing brand adoption of the fast-developing world of mobile marketing. This development further enhances our standing and reputation as the number one mobile consumer engagement platform in the UK and provides consumers the opportunity to earn even more."


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In a quiet yet significant move, Nvidia is reportedly ready to enter the world of ARM-based PC chips. This monumental development presents a major challenge to Intel’s long-standing dominance in the CPU market.
Nvidia‘s foray into CPU development aligns with Microsoft’s larger objective of supporting chip manufacturers in creating Arm-based processors for Windows-powered PCs. Microsoft’s strategic plans aim squarely at Apple, which has witnessed substantial market interest since introducing its in-house Arm-based chips for Mac computers.
Advanced Micro Devices (AMD) also plans to produce chips designed for Arm-based PCs. Industry leaders suggest that Nvidia, AMD, and Qualcomm could introduce PC chips as early as 2025, presenting a formidable challenge to Intel’s dominance in the PC market.
Despite the ambitious plans, success is not guaranteed. Software developers have invested substantial time and resources in creating code for the x86 computing architecture used by both Intel and AMD. Transitioning to Arm-based designs could present challenges, as x86 code is not inherently compatible. Intel, too, has been incorporating AI features into its chips, further intensifying the competition.
Nvidia’s move into CPU development signifies an exciting shift in the tech industry. It has the potential to challenge Intel’s long-standing dominance and usher in a new era of competition in the personal computer market.


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Three Cook County residents have filed suit against Vienna Beef, alleging that the company mislabeled hot dogs as "pure beef" when the products had a pork casing.
The plaintiffs--Morris Gershengorin, Marina Smolyansky and Marina Bartashnik--suffered emotional distress after learning they had ingested the pork-intestine casing, according to the lawsuit.
Each of the plaintiffs is described in the suit as "an observant Jew." They are seeking to bring the suit as a class action on behalf of others who have eaten the hot dogs.
The lawsuit filed Monday in Cook County Circuit Court seeks unspecified damages.
Vienna's advertising does not claim the hot dogs are kosher but does use terms such as "all-beef hot dogs" and "pure beef franks," according to the suit.
Company officials have not yet reviewed the suit but stand behind their labeling, Vienna Beef spokeswoman Susan Stoga said Tuesday.
Stoga said 96 percent of the company's hot dogs are either skinless or use a non-pork casing.
The products that use a pork casing are the larger hot dogs, such as foot longs, Stoga said. She said those products are available at some chain restaurants.
"The few products that we do have (with pork) are labeled as such," Stoga said.
The plaintiffs hope the suit forces Vienna Beef to change its advertising, said their attorney, Lance Raphael of Chicago.
"I would like to let people know what is in something and make decisions for themselves," Raphael said.


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According to a report in the Financial Times, the digital currency project Libra (“Libra”) led by social media giant Facebook is ready to be launched early next year and will be released as early as January 2021.
Three people familiar with the project involved in the project said that this release is a “limited version” of Libra, and related functions may be restricted.
1. Libra breaks the game
The Libra digital currency project was conceived in 2018. In June 2019, Facebook officially announced the Libra project and released a white paper. Initially, Facebook’s goal of launching Libra was to “build a simple, borderless currency and a financial infrastructure that serves billions of people.” In short, it wanted to create a single global currency with multiple legal instruments. Support such as currency and government bonds.
However, since its first announcement last year, the Libra project has been questioned and hindered by governments, central banks and other legislative and regulatory agencies, who believe that Libra may threaten the status of legal tender and threaten financial stability and security.
As a result, the Libra project originally scheduled to be launched in June 2020 was interrupted and postponed under the resistance of regulatory review. In addition, payment processors PayPal, Mastercard and Stripe and other members of the Libra Association have also withdrawn before this.
Libra was struggling to “survive” and had to find a “compromise” solution.
On April 16 this year, Libra released version 2.0 of the white paper, decided to change the route of Libra Libra and began to study a stable currency solution based on a single currency.
In the new version of the white paper, Libra has made four key changes: 1. In addition to providing currencies that anchor a basket of fiat currencies, it will also provide stable currencies that are anchored to a single fiat currency; 2. Through a strong compliance framework Improve the security of the Libra payment system; 3. Give up the future transition to a permissionless system while maintaining its main economic attributes; 4. Establish strong protection measures for Libra’s asset reserves.
This means that Facebook has reduced the scale of its vision to a certain extent.
2. How does the “limited edition” Libra advance?
So, what does the so-called “Limited” (limited version) Libra mean this time?
One of the people familiar with the Libra project said that the Libra Association will initially only issue a single anchor currency Libra linked to the U.S. dollar. After fully complying with laws and regulations, Libra linked to other legal currencies will be launched later.
This means that the Libra issued this time will be supported on a one-to-one basis in U.S. dollars, similar to how stable currencies such as USDC and GUSD are regulated in the cryptocurrency market today.
The three sources also said that the “limited version” of Libra is awaiting approval from the Swiss Financial Market Supervisory Authority and is expected to be approved in early January 2021. After approval, Libra will be able to operate as a payment service in the market.
Why is the Swiss Financial Market Supervisory Authority? Because Libra is headquartered in Switzerland, and according to the latest report, the Libra Association has recently hired Credit Suisse and UBS senior lawyer Saumya Bhavsar as the general counsel of its payment business Libra Networks. Saumya Bhavsar had also previously Worked in the U.S. Department of the Treasury OCC (Office of the Comptroller of Currency), responsible for overseeing the National Bank and the Federal Reserve Association. Therefore, Libra’s approval is basically guaranteed.
At the same time, the report also said that some members of Libra, such as the music service Spotify and the ride-hailing app Uber, may use Libra currency as a payment method for their respective platforms, but first, they have to wait for the overall response after the launch of Libra.
Earlier, PayPal, one of the original members of Libra, recently launched its own cryptocurrency trading service, which aroused enthusiastic responses. While Libra chose to issue its own stablecoin, the “ambitious” limited version of Libra was ready to go and became the focus of everyone’s attention.
3. Subvert the stablecoin or ignite the crypto market?
According to the plan of the Libra Association, after the single currency Libra stablecoin is launched in January 2021, will it change the stablecoin pattern in the crypto market? What impact will it have on the status of traditional legal tender?
First of all, Libra will first launch a 1:1 stable currency anchored to the US dollar, so it will be in a competitive position with USDT, USDC and other stable currencies. With the endorsement of the Facebook giant, nearly 2.5 billion monthly active users, and regulatory approval, will Libra be quickly accepted by the market, subverting the current pattern of stablecoins?
The founder of Lebit Mining Pool, Jiang Zhuoer, had previously expressed his views on the Libra stablecoin on Weibo. “The death knell for USDT has sounded. Libra≋ U.S. dollar” will easily defeat USDT’s scale advantage. Once USDT usage begins to decline, Tether The problem of insufficient reserves will be exposed, and a run will inevitably occur. Someday in the future, I don’t know how many people will go bankrupt because of the USDT thunder. “
USDT is currently the most widely accepted US dollar stable currency in the crypto market, and it also occupies more than 80% of the stable currency market. However, USDT has repeatedly reported thunder problems such as insufficient reserves. Therefore, once Libra USD stablecoin becomes a new reliable choice, the threat to USDT’s status is bound to exist.
Secondly, as a major deployment of the technology giant in the encryption field, will Libra have any impact on the encryption market?
Blockchain and encrypted digital asset researcher Gu Yanxi published a column on November 30, stating that among the various application scenarios of Libra stablecoins, encrypted digital currency transactions are a major application scenario. The influx of a large amount of funds has provided the basis for the growth of encrypted digital currency prices. Among various encrypted digital currencies, Bitcoin is still generally recognized, so the price of Bitcoin has better conditions for growth.
In addition, Libra may have an impact on the global monetary system and promote the production of more digital currencies. As Libra is pegged to the US dollar one-to-one, it may continue to expand the influence of the US dollar on a global scale. After the Libra stablecoin is introduced to the market, central banks of various countries will inevitably speed up the research and development of digital currencies. After major technology and financial companies may see the feasibility of such financial products, they will consider their own blockchain layout strategies.